Mexican Silver Libertad (1982-Date)
Mexico has a rich and illustrious history of minting precious metal coins, particularly silver coins of great quality and even gold coins of a high standard. The Casa de Moneda de Mexico mint is said to be the oldest such facility in the western hemisphere. Across the course of the past four centuries, these coins have been used all over the world. While Silver Libertad is a recent currency, this has not prevented it from gaining recognition and appeal around the globe. It has maintained its status as Mexico’s standard silver bullion coin.
The History of the Mexican Silver Libertad
The tale of Mexico’s National Mint, known as La Casa de Moneda de México in Spanish, is where the history of the Silver Libertad begins. This building is also known as the Casa de Moneda. This mint was first constructed in 1535 by Viceroy Antonio de Mendoza, who received orders to do so from the Spanish government. After the Spanish conquest of the Aztec Empire, this facility became the first mint ever established in the New World. Since Mexico was and still is the country that produces the most silver in the Western Hemisphere, it has been able to consistently mint a tremendous amount of silver coins throughout the last more than 400 years.
In 1982, the manufacture of the Mexican Libertad began for the first time. Since that day, the mint saw a significant shift in aesthetic direction in the mid-1990s. The Centenario coin served as the inspiration for the initial design of the coin. From 1921 through 1947, the Mexican Mint produced this piece in recognition of the ceremonies that took place in 1921 to mark the one-hundredth anniversary of Mexico’s independence from Spain. Even though the Silver Libertad has been produced by the mint in a broad variety of denominations & sizes, the one-ounce form has been the most frequently desired and struck of the other sizes.
The Mexican Libertad coins continue to be one of the most reasonably priced examples of bullion coins that are currently being made. Both the quality and the design of their products are exceptional. These silver pieces have been in circulation for a very long time, which has contributed to their status as one of the world’s most easily recognizable bullion coins. These bullion coins, which contain a high percentage of silver that has been refined to a fineness of.999, are wonderful complements to any collections or investment portfolio. They are regarded as being on par with the coins of the same value issued by Canada as the Silver Maple and the United States as the Silver Eagle.
Characteristics of the Mexican Silver Libertad
The Mexican Mint stands by the quality, weight, and content of every Silver Libertad coin it produces. There is a wide choice of sizes that may be purchased for Silver Libertad coins. These sizes include 1/20 ounces, 1/10 ounce, 1/4 oz, 1/2 oz, 2 – 4 ounces, or one kilogram. The basic and most widely circulated coin is the one-ounce denomination.
The Design of Coins
On the obverse of the Mexican Silver Libertad, the most common size is one ounce, and it includes the coin’s weight, purity, and fineness as well as the date it was struck. Since the year 2000, all editions have included a scene from Independence Victory Column, which depicts a winged Victoria modeled after motifs seen in Roman architecture. A wreath, which is a symbol of triumph, is held in her right hand, and a broken chain, which is a symbol of Mexico’s independence, is held in her left hand. Legend has it that Popocatepetl and Iztaccihuatl, two volcanoes in the backdrop, were created to celebrate the union of two lovers before the arrival of the Spanish.
A Mexican National Seal is depicted on the reverse side of these coins, and it features an eagle swallowing a serpent that is perched on a cactus in the center of the coin. Several old Mexican coats of arms are shown around this central picture.
Invest in Mexican Silver Libertad Coins
The Internal Revenue Service has given its blessing to the inclusion of Mexican Libertad coins in individual retirement accounts (IRAs) for precious metals. You may get a high level of diversity for your retirement IRA portfolio by purchasing these high-quality silver bullion coins. Unlike bond and stock prices, the value of these coins will not rise and fall in tandem with market fluctuations. Since silver prices are significantly lower than those of gold, silver has traditionally been recognized as a popular option over gold as a financial hedge on one’s portfolio.
Because the Internal Revenue Service permits some types of self-directed IRAs to hold actual precious metals such as silver, platinum, gold, or palladium, this might be an option for you as an investment for your retirement. Because of this, the accounts are often referred to as precious metals IRAs. The catch is that these kinds of IRA accounts can only hold certain bullion coins and bars, like the Mexican Silver Libertad, that are recognized by the Internal Revenue Service (IRS). You are required to purchase at least $5,000 worth of silver, regardless of the precise silver coins you choose to acquire. A one thousand dollar minimum is required for any transactions made at a later time.
Holdings of precious metals are subject to certain laws that are mandated by the Internal Revenue Service. For coins to be given the go-ahead, they have to meet a minimal purity requirement. Each Silver Libertad that is produced is guaranteed by the Mexican Mint to fulfill these purity level criteria. The Internal Revenue Service is responsible for enforcing restrictions regarding the storage locations of IRS coins. They are required to be stored in depositories that are managed by independent organizations. These depositories collaborate with the administrator of your IRA to ensure that all of the silver bullion is protected, guarded, and insured at all times. The Internal Revenue Service will let you roll over your current IRA into a brand new IRA that is self-directed. A rollover is a name given to this particular motion. If you are ready to issue the orders, the administrator of the Individual Retirement Account (IRA) will make the arrangements to acquire the pieces on your behalf from a reputable coin dealer.
Sell Your Mexican Silver Libertad
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